After the Reserve Bank of India (RBI) reduced the repo rate three times in a row, banks have reduced the interest rate on FDs. Due to this, the return on FDs has reduced significantly. The biggest loss has been suffered by senior citizens because they are very dependent on FDs. However, it is not that the option has ended. Many banks are still giving better interest on FDs. We are telling you about such banks, which are giving up to 8.50% interest on 3-year FDs.

Opportunity in small finance banks

Utkarsh Small Finance Bank is offering an interest rate of 8.50 percent to senior citizens on 3-year FDs. If a senior citizen makes an FD for three years in this bank, then 1 lakh will increase to Rs 1.26 lakh. Jana Small Finance Bank offers an interest rate of 8.25 percent on FDs with a tenure of three years. If a senior citizen invests Rs 1 lakh, then this amount will increase to Rs 1.25 lakh on maturity.

Yes Bank is also giving better interest

Suryoday Small Finance Bank offers an interest rate of 8.15 per cent on three-year FDs. A deposit of Rs 1 lakh will become Rs 1.24 lakh on maturity. Yes Bank offers an interest rate of 7.85 per cent on three-year FDs for senior citizens. An investment of Rs 1 lakh will become Rs 1.24 lakh on maturity. Bandhan Bank, Equitas Small Finance Bank and Unity Small Finance Bank offer an interest rate of 7.75 per cent on three-year FDs for senior citizens. This means an investment of Rs 1 lakh will become Rs 1.23 lakh on maturity. Ujjivan Small Finance Bank and RBL Bank offer an interest rate of 7.70 per cent. An investment of Rs 1 lakh will become Rs 1.23 lakh on maturity.

There is an opportunity to invest in these banks as well

Indusind Bank offers 7.50 percent interest rate on 3-year FD. If you invest Rs 1 lakh, the amount will become Rs 1.23 lakh on maturity. DCB Bank, IDFC First Bank and Jammu and Kashmir Bank offer 7.25 percent interest rate. This means that an investment of Rs 1 lakh will become Rs 1.22 lakh on maturity.

The post Senior Citizens Best FD rates, these banks are offering up to 8.50% interest on 3-year FD first appeared on Rightsofemployees.com.

Let us tell you that under the Inspire facility of Bandhan Bank, you will get the benefit of interest at the rate of 8.35 percent per annum on FD of 500 days. The bank has issued a statement regarding this.

The bank issued a statement

The bank has said in the statement that ‘Inspire’ will also provide an advanced banking experience along with health care benefits. It will extend existing benefits like preferential interest rates, priority banking services and doorstep banking facilities to the bank’s ‘Senior Citizen Customers’.

7.5 percent interest on tax saving FD

Bandhan Bank is offering attractive interest rates on fixed deposits to senior citizens. Senior citizens can avail interest up to 8.35 percent for a period of 500 days. Apart from this, senior citizens can avail the benefit of 7.5 percent per annum on tax saver FD.

Sujoy Roy said this

Sujoy Roy, Head of Branch Banking, Bandhan Bank, said that we recognize the importance and need of financial independence at every age. Bandhan Bank has come up with this carefully designed benefit offering for senior citizens.

These facilities will be available from doctor consultation at cheap rates.

Bandhan Bank said that you will get many special benefits under the ‘Inspire’ program. In this you will get the benefit of special discounts on purchase of medicines, diagnostic services and medical treatment. Apart from this, you will also get the benefit of discount on doctor consultation. There will also be discounts on medical checkups, dental care and healthcare service providers.

Senior citizens talk directly to bank officials

Along with this, it is also planning to include additional features like direct access to phone banking officer to ease the banking experience of senior citizen customers.

The post Senior citizens: Good news! Bank launches a special facility for senior citizens, Will get these benefits first appeared on Rightsofemployees.com.

Banks are offering good interest rates to their regular customers as well as senior citizens. Many banks are paying interest up to 8.50% per annum on FDs ranging from 1 year to 3 years. Here we know about 5 such banks which are giving up to 8.5% annual interest to the customers on deposits of 1, 2, 3 years. Usually, senior citizens are offered up to 0.50% more interest than regular customers. 

Axis Bank

Bandhan Bank

RBL Bank

IDFC First Bank

DCB Bank

(Note: These interest rates have been taken from the official website of the banks. The rates are effective for deposits less than 2 crores.)

Know tax provisions on FD

The interest income from all term fixed deposits is fully taxable. That is, after adding this income to the total income of the investor, it will have to be taxed according to the tax slab. According to the Income Tax Act, people aged 60 years or more are kept in the senior citizen category. Senior citizens get the benefit of deduction on interest income up to Rs 50,000 during a financial year.

The post Top 5 Bank FD Rates 2023: These banks are giving up to 8.5% interest; Know 1, 2, 3 year rates first appeared on Rightsofemployees.com.

Banks are offering good interest to senior citizens along with regular customers. Some banks are giving annual interest of up to 8.50 percent on FD. Let us know about the interest rate of five banks- Axis Bank is offering 6.75% for one year, 7.26% for two years and 7.00% for 3 years. Senior citizens are being given additional interest of 0.75% for all the three tenures.

Bandhan Bank has offered an interest rate of 7.25% for one year, 8.00% for 600 days, 7.25% for 2 years and 3 years. For senior citizens, additional interest of 0.50% is being given in every tenure.

RBL Bank is offering 7.00% for one year, 7.80% for 725 days, 7.00% for 2 years and 3 years. 0.50% additional interest is being offered by the bank for senior citizens.

IDFC First Bank is offering 6.75% interest for one year, 7.25% for 2 years and 7.75% for 3 years. 0.50% additional interest is being offered by the bank on all the three tenures.

DCB Bank is offering 7.25% interest for one year FD, 8.00% for 2 years and 7.60% for 3 years. DCB is also offering an additional interest of 0.50% on all the three tenures.

(Note: These interest rates have been taken from the official website of the banks. Rates are effective for deposits below Rs 2 crore.)

The post Bank FD Rates 2023: These 5 banks are offering up to 8.5% interest; Do complete information before investing first appeared on Rightsofemployees.com.

Customers will get better service

The fund house has said in its statement that the investment strategy, methodology and team are going to remain the same. This will provide investors with a high quality approach, which the fund house is known for.

Commenting on the change in brand identity, AMC CEO Vishal Kapoor said, “Our new name reflects our new sponsorship. Now we are happy to be a part of Bandhan Bank. Now Heritage is teaming up with Goodwill. He added that he is confident that his investors will continue to benefit from the same passion, expertise and focus that he has brought to him thus far.

Logo has changed

As part of the rebranding, the fund house is not only changing its name but also the logo. This rebranding to become Bandhan Mutual Fund is a new chapter in the fund house’s journey, the statement said. This will bring new energy in the business. From Monday, investors can get all the information on the fund house’s new website https://www.bandhanmutual.com.

The post IDFC Mutual Fund Name Changed: Big news! IDFC Mutual Fund’s name changed from today, know what will be the effect on investors first appeared on Rightsofemployees.com.

10 big banks of the country SBI, ICICI, HDFC, Axis, Bandhan Bank, IndusInd Bank, Yes Bank, Bank of India, RBL Bank and Kotak Mahindra Bank have recently increased the interest rates on FD. Now out of these 10 banks, Bandhan Bank, Yes Bank, Axis Bank, HDFC, ICICI are giving the highest interest to senior citizens. Let us know which of these banks is offering the highest interest.

HDFC bank new rates

1 year to 15 months: For general public – 6.50 per cent; For Senior Citizen – 7.00 percent
15 months to less than 18 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
18 months to 2 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
5 years 1 day to 10 years: For general public – 7.00 per cent; For senior citizens – 7.75 percent.
ICICI Bank’s interest rates on FDs of less than Rs 2 crore ..
1 year to 389 days: For general public – 6.60 per cent; For Senior Citizen – 7.10 percent
390 days to less than 15 months: For general public – 6.60 per cent; For Senior Citizen – 7.10 percent
15 months to less than 18 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
18 months to 2 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
5 years 1 day to 10 years: For general public – 6.90 per cent; For Senior Citizen – 7.50 percent.

SBI FD rates

SBI is giving maximum 7% interest on FD to senior citizens. Apart from this, common people are getting 6.50 percent interest on FDs of one year to less than 2 years, 5.50 percent interest on FDs of 180 to 210 days. The bank is giving 5.75% interest for 211 days. 5.75% interest is being received on FDs ranging from 2 years to less than 5 years. 5.50% on FDs of 5 years and up to 10 years, 5% interest is being received on FDs of 46 days to 179 days. 3.50 percent interest is being received on FD of 7 to 45 days.

Kotak Mahindra Bank revised FD rates on 28 December

6 months: For general public – 5.75%, for senior citizens – 6.25%

12 months: For general public – 6.75 percent, for senior citizens – 7.25 percent

15 months: For general public – 7 percent, for senior citizens – 7.5 percent

18 months: For general public – 7 percent, for senior citizens – 7.5 percent

21 months: For general public – 7 percent, for senior citizens – 7.5 percent.

Axis Bank FD interest rates – for amounts below Rs 2 crore

• 3 months to less than 4 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 4 months to less than 5 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 5 months to less than 6 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 6 months to less than 7 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 7 months to less than 8 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 8 months to less than 9 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 9 months to less than 10 months: 6.00 per cent for general public; 6.50 percent for senior citizens
• 10 months to less than 11 months: 6.00 per cent for general public; 6.50 percent for senior citizens
• 11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 percent for senior citizens
• 11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.50 percent for senior citizens
• 1 year to less than 1 year 5 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 5 days to less than 1 year 11 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 11 days to less than 1 year 25 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 25 days to less than 13 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 13 months to less than 14 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 14 months to less than 15 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 15 months to less than 16 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 16 months to less than 17 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 7 months to less than 18 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 18 months to less than 2 years: 6.75 per cent for general public; 7.25 percent for senior citizens
• Less than 2 years to 30 months: 7.00% for general public; 7.50 percent for senior citizens
• 30 months to less than 3 years: 7.00 per cent for general public; 7.50 percent for senior citizens
• 3 years to less than 5 years: 7.00% for general public; 7.50 percent for senior citizens
• 5 years to 10 years: 7.00 per cent for general public; 7.50 percent for senior citizens.

RBL Bank FD rates

• 7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4 percent
• 15 days to 45 days: For general public – 4.00 per cent; For Senior Citizen – 4.50 percent
• 46 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5 percent
• Less than 91 days equal to 6 months: For general public – 4.75 per cent; For Senior Citizen – 5.25 percent
• 181 days to 240 days: 5.50 per cent for general public; For senior citizens – 6 percent
• 241 days to 364 days: For general public – 6.05 per cent; For Senior Citizen – 6.55 percent
• 365 days to 452 days: For general public – 7%; For Senior Citizen – 7.50 percent
• 15 months: For general public – 7.80 per cent; 8.30 percent for senior citizens
• 15 months 1 day to 725 days: For general public – 7.80 per cent; 8.30 percent for senior citizens
• 725 days: For general public – 7.80 per cent; 8.30 percent for senior citizens

Bandhan bank new rates

• 7 days to 15 days: For general public – 3 percent
• 16 days to 28 days: For general public – 3 percent
• 29 days to 45 days: For general public – 3.50 percent
• 46 days to 90 days: For general public – 4.50 percent
• 91 days to 180 days: For general public – 4.50 percent
• 181 days to 364 days: For general public – 6.75 percent
• 365 days: For general public – 7.90 percent
• 366 days: 7.90 percent for general public
• 367 days to less than 15 months: 7.90 percent for general public
• 15 months to less than 2 years: 6.15 percent for general public
• 2 years to 3 years: 6.15 percent for general public
• 3 years to 5 years: 6.15 percent for general public
• 5 years to 10 years: 5.00 percent for general public

IndusInd Bank FD Rates (Fixed Deposit Rate on IndusInd Bank )

• Interest on FD maturing in 7 to 30 days – 3.50%
• Interest on FD maturing in 31 to 45 days – 4%
• Interest on FD maturing in 46 to 60 days – 4.50%
• Interest on FD maturing in 61 to 90 days – 4.60%
• 4.75% interest on FDs maturing in 91 to 120 days
• Interest on FD maturing in 121 to 180 days – 5%
• 5.75% interest on FDs maturing in 181 to 210 days
• 5.80% interest on FDs maturing in 211 to 269 days
• Interest on FD maturing in 270 to 354 days – 6%
• 6.25% interest on FDs maturing in 355 to 364 days
• Interest on FD maturing in 1 year to 1 year 6 months – 7%
• 7.25% interest on FDs maturing in 1 year to 6 months to 2 years
• Interest on FD of 2 years to 3 years is 7.50 percent
• 7.25% interest on FDs of 3 years to 61 months
• Interest on 5 year FD 7.25 percent

Interest rates on Yes Bank FD

• On FD of 7 to 14 days – 3.25 percent interest
• On FD of 15 to 45 days – 3.70 percent interest
• On FD of 46 to 90 days – 4.10 percent interest
• 91 to 180 days on FD – 4.75 percent interest
• On FD of 181 to 271 days – 5.75 percent interest
• 272 to less than 1 year on FD – 6 percent interest
• On FD of 1 year to 120 months – 7 percent interest

Bank of India increased interest on FD

The country’s public sector bank Bank of India (BOI) has revised the FD interest rates. The bank has increased the interest on FDs of less than Rs 2 crore. The bank is offering higher interest on FD of 444 days. BOI is offering 7.05 percent interest to the common people on 444 days FD. The bank is offering 7.55 percent interest to senior citizens on this FD. The bank is paying 7.25 percent interest on FDs of 2 to 5 years.

The post SBI, ICICI, HDFC, Axis Bank FD Rate: These 10 banks are giving the highest FD interest to senior citizens, check the complete list first appeared on Rightsofemployees.com.

The bank has also revised interest rates on FDs of Rs 10 crore to Rs 25 crore, Rs 25 to Rs 50 crore and above Rs 50 crore. These new rates have come into effect from 30 January 2023. Now the bank is offering the highest interest of 7.90 per cent on bulk FDs.

This interest is being offered on FDs of 365 days to less than 15 months. Bandhan Bank is offering interest ranging from 5 percent to a maximum of 7.90 percent to customers. The bank is offering FDs ranging from 7 days to 10 years.

Now these are the new rates of Bandhan Bank

7 days to 15 days: For general public – 5 percent

16 days to 28 days: For general public – 5.80 percent

29 days to 45 days: For general public – 5.80 percent

46 days to 90 days: For general public – 5.80 percent

91 days to 180 days: For general public – 6.25 percent

181 days to 364 days: For general public – 6.75 percent

365 days: For general public – 7.90 percent

366 days : For general public – 7.90 percent

367 days to less than 15 months: For general public – 7.90 percent

15 months to less than 2 years: For general public – 6.15 percent

2 years to 3 years: For general public – 6.15 percent

3 years to 5 years: For general public – 6.15 percent

5 years to 10 years: For general public – 5.00 percent

The post Bandhan Bank FD rate: Bandhan Bank increased interest on these FDs, customers will get 7.90% interest, check latest rate first appeared on Rightsofemployees.com.

In the new year, in the first week of January, many banks including Bandhan Bank, Punjab National Bank, Yes Bank and Kotak Mahindra have announced to increase the interest rate. The increased rates will be applicable for fixed deposits up to ₹2 crore. Some economic analysts predict that RBI may announce or implement another hike in February 2023. Due to this, the possibility of further increase in interest rates has increased in the coming days.

• Punjab National Bank on January 1 announced an increase in the rates of interest on savings accounts and fixed deposits. PNB increased the interest rate on savings account by 25 basis points, while increased the interest rate on FD by up to 50 basis points. The bank is now offering 4 to 8 percent interest rate on FD.
• Indian Overseas Bank (IOB) on January 1 increased the interest rate on short-term FDs of 7 to 90 days by 75 basis points. The bank currently offers a maximum interest of 6.55% on FDs of 444 days. While the additional rates for senior citizens remain at 0.50% and 0.75% respectively.
• On January 1, Punjab and Sindh Bank has announced an increase in the interest on FDs. The bank is currently offering 2.80% to 6.25% interest on Fixed Deposits with maturities ranging from 7 days to 10 years, while the rate for a tenure of 601 days is 7%.
• Bandhan Bank has announced an increase in interest on FDs on January 5, 2023. The bank currently offers 3.00% to 5.85% on FDs maturing in 7 days to 10 years, while for senior citizens it ranges from 3.75% to 6.60%. The bank is giving maximum interest rate of 7.50% to general citizens and 8% interest to senior citizens.
• Kotak Mahindra Bank increased interest rates on savings schemes by up to 50 bps on January 4, 2023. On FDs maturing in 390 days to less than two years, the bank is now offering a maximum interest of 7% to the general public, while the rate for senior citizens is 7.50%.
• Yes Bank has announced a change in the interest rate on FDs up to ₹ 2 crore on January 3, 2023. The bank is offering interest between 3.25% and 7.00% to the general public, while the rate for senior citizens is 3.75% to 7.75% on deposits ranging from 7 days to 120 months.

The post Fixed deposit list of banks: Big news! These banks increased FD interest rates in January 2023 first appeared on Rightsofemployees.com.

As a result, the following list of 5 banks have interest rates for senior citizens ranging from 7.50% to 8.25%. This is for those who want to invest in fixed deposit scheme for 2 years.

Bandhan Bank

The interest rates on Fixed Deposits offered by Bandhan Bank are effective from August 22, 2022. The new rates are applicable to retail accounts of less than Rs 2 crore. Bandhan Bank guarantees an interest rate of 7.50% to senior individuals on fixed deposits maturing in more than 18 months but less than two years.

Jana Small Finance Bank

Jana Small Finance Bank FD interest rates are valid from June 15, 2022 and the new card rates are applicable on accounts below INR 2 Crore. At present, Jana Small Finance Bank offers FD returns to senior citizens at an interest rate of 8.05% with maturity between 1 to 2 years.

Yes Bank

The new interest rates on Yes Bank fixed deposits are effective from August 10, 2022. The minimum deposit required by Yes Bank to start an FD is Rs 10,000 and the minimum period of reinvestment allowed is 6 months and 1 day. Yes Bank guarantees that elderly citizens will get an interest rate of 7.50% on fixed deposits of 18 months to less than 3 years.

IndusInd Bank

Interest rates on FD in IndusInd Bank are effective from August 12, 2022. IndusInd Bank is offering an interest rate of 7.50% on fixed deposits with premature withdrawal, maturing in less than 2 years from 1 year 7 months.

Utkarsh Small Finance Bank

The bank last changed the interest rates on its fixed deposits on August 12, 2022. Both the new fixed deposit and the renewal of the present fixed deposit are subject to the revised rates.

Fixed deposits with a tenor of 2 years or 730 days and an interest rate of 8.25 per cent are offered by the bank to senior citizens.

The bank offers fixed deposits maturing in five years from 700 days at 7.50% for general public and 8.25% for senior citizens, which is not only the highest rate in the banking sector, but also much higher than the current rate of retail inflation. is more.

The post Great News for Senior citizens , these 5 banks are giving up to 8.25 percent return on FD. check details instantly first appeared on Rightsofemployees.com.

According to a Live Mint report, IDFC First Bank will pay 7.10% interest on FDs ranging from Rs 2 crore to Rs 25 crore with a maturity period of 366 days to 731 days. Similarly, the bank will pay interest at the rate of 7 per cent per annum on FDs completed in 732 days to 10 years. The bank has decided to pay 6.85% interest on FDs maturing in 271 days to 365 days, while customers will now get 6.45% interest on FDs maturing in 181 days to 270 days.

Will get more interest

The bank has decided to pay 6.35% interest on FDs maturing in 92 days to 180 days. Interest will be 5.60% on FDs with tenor of 61-91 days, and 5.05% on fixed deposits of 46-60 days. Similarly, the bank will give 4.70% to 4.95% interest on fixed deposits that are completed in 7 days to 45 days.

Bandhan Bank also increased interest rates

Bandhan Bank has increased the interest rates of Bulk FDs from Rs 2 crore to Rs 50 crore and above. The bank has decided to pay 7.25% interest on fixed deposits with tenure ranging from 365 days to less than 15 months. The interest rate on FDs ranging from 15 months to less than 5 years is 6.15%. The bank is paying 5% interest on FDs maturing in a period of 5 years to 10 years. The interest rate on FDs maturing from 91 days to 364 days is 6%. Similarly, FDs with tenures ranging from 46 days to 90 days will get 5.05% interest. The bank is giving 3.25% to 3.75% interest on FDs that are completed in 7 days to 45 days.

The post Fixed Deposit Rate: Now 2 more banks have increased interest rates on fixed deposits, check interest rate first appeared on Rightsofemployees.com.

According to the official website of Bandhan Bank, if you have a balance of up to Rs 1 lakh in your savings account, then you will get interest at the rate of 3.00 percent. At the same time, 6.00 percent interest rate is available on the balance of 1 to 10 lakh rupees. At the same time, 6.25 percent interest rate is being offered by the bank on deposits of Rs 10 lakh to Rs 2 crore.

The bank will now give 6.00 percent interest rate on the daily balance of 2 crores to 10 crores in the savings account. Saving account holders will now get an interest rate of 6.00 percent on a daily balance of 10 crores to 50 crores in the savings account and savings account holders will now get the maximum interest rate of 6.50% on the daily balance of 50 crores to 100 crores in the savings account.

The above interest rates will be determined per day on the basis of the day-end outstanding balance of the accounts. In addition, according to Bandhan Bank, interest is paid on June 30, September 30, December 31 and March 31 of each calendar quarter.

The post Bandhan Bank changes the interest rates of savings account, opportunity to earn up to 6.50% interest first appeared on Rightsofemployees.com.

Bandhan Bank- This bank is offering interest of 7.50 percent to senior citizens on FDs of less than Rs 2 crore with a tenure of 1 year 18 months to 5 years and between it. Please note that NRIs are not included in this.

IndusInd Bank– Here you will get 7.5 percent interest on tax saving FD of 5 years. Apart from this, the bank is giving 7.5 percent interest to senior citizens on FDs ranging from 1 year to less than 61 months and between it.

Yes Bank– Here also senior citizens are getting 7.50 percent interest on FDs with deposits of less than Rs 2 crore. This interest will be available on FDs of more than 3 years and up to 10 years. 10,000 rupees FD can be started here.

The post Senior citizens FD Best Rate: 3 banks are giving interest up to 7.50% on FD to senior citizens, check details first appeared on Rightsofemployees.com.